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If you trained a rat to fear a flashing light by pairing it with a painful electric shock, what would be your conditioned stimulus?
Sunk Cost
A cost that cannot be changed by any present or future decision.
Book Value
The difference between the cost of a depreciable asset and its related accumulated depreciation.
Opportunity Cost
The potential benefit that may be obtained from following an alternative course of action.
Nonfinancial Information
Information that is not monetary in nature, such as customer satisfaction, employee turnover, and operational efficiency, used in decision making.
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